Posts Tagged ‘Group Administration’
Support Family Benefits with the Adoption Assistance Program
Every year, thousands of U.S. families adopt a child and need to pay for adoption expenses, which can be costly. But there is a way that companies can help employees embarking on this life journey – through an Adoption Assistance Program. An Adoption Assistance Program (AAP) account is an employer-sponsored spending account that allows both…
Read MoreLife Changes and HSAs: The Death of an Account Holder
As you present team members with their health care options, many employees may wonder what happens to these benefits after they die. It’s a tough thing to consider, but employees want to make sure that their loved ones will be taken care of. During their career, an employee may save a significant amount of money…
Read MoreLife Changes and HSAs: How to Advise Employees Turning 65
With every age comes new milestones and turning 65 is no different. Many of your team members might start thinking about retirement at this age, and even if an employee is still actively working at 65, if they have a health savings account (HSA), there are several new rules and regulations they should be aware…
Read MoreHelp Your Employees Take Full Advantage of Their HSA in the New Year
It’s a new plan year for you and your employees! For some of your employees, this year may be their first time managing a health spending account (HSA). And because our data shows that 65% of consumers report using their HSA as a spending resource (with 23% stating they use their account equally for saving…
Read MoreDCAP Payroll Contributions: Information for Employers Now and in 2021
The end of the year, and specifically during open enrollment, is a time during which many people budget for anticipated expenses for the coming year. However, 2021 will not bring about a return to pre-COVID-19 “normal,” at least for the first several months. For those employees with dependent care assistant program (DCAP) accounts, also known…
Read MoreOvercoming Open Enrollment Engagement Challenges During COVID
As COVID-19 began to spike in the U.S., consumers shifted habits related to their overall health. With growing concerns over the pandemic, a Further study found that 69% of consumers reported that their health is more important to them today, compared to pre-coronavirus times, and 63% report they are paying more attention to their healthcare…
Read More3 Approaches to Connect with Clients on Health Spending Accounts
We know you have a lot on your plate as a broker You wear multiple hats and are pulled in multiple directions, often spanning the entire spectrum of employee benefits – everything from bringing forth options to troubleshooting specific employee issues. However, one constant need is the importance of having ongoing conversations with your clients.…
Read MoreWhy Employers Need Different Messaging for HDHP and PPO Members
Comprehending the complex world of health care is not for the faint of heart. There’s acronyms galore, many different provider options and according to a 2019 published study, the majority of U.S. adults (51%) reported having inadequate health insurance literacy as measured by knowledge of basic insurance terms. Perhaps even more concerning is that close…
Read MoreHSAs: A Powerful Recruitment and Retention Tool
Health benefits packages have always been an important component of a job offer. However, the benefits package offered at a new job has taken on new significance in recent years as health care costs have continued to climb, with no signs of stopping, and more and more of that cost is being shifted onto consumers.…
Read MoreLeveraging Multiple Health Accounts for Maximum Benefits
When it comes to health saving and spending accounts, employers have many options to offer to employees. From health savings accounts (HSA), flexible spending accounts (FSA), health reimbursement arrangement (HRA), and more, employers offer these health accounts to help employees pay for health care related expenses and save for future needs. While employees may be…
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